DUBLIN OHIO Wendy’s International has rejected a merger with Arby’s or a newly proposed $900 million buyout, prompting rebuffed suitor Nelson Peltz to call for shareholders to decide Wendy’s fate. —A year after a special board committee began weighing a possible sale of the company, The No. 3 burger brand’s rejection of what Wendy’s chairman James Pickett called “misleading” twinned proposals came less than 24 hours after the company ...

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